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196 Fairmount Ave Newark, NJ $ 769,000
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$ 769,000 Get more info
196 Fairmount Ave
$ 769,000
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196 Fairmount Ave

Newark, NJ, 07103
$ 769,000
Bedrooms9 Baths3.2

Monthly Estimate*

$ 5,311

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Multi-Family Home for sale in Newark, NJ

for $769,000 with 9 bedrooms and 3 full baths, 2 half baths. This home was built in 1877 on a lot size of 0.06.

Excellent investment opportunity in Newark! This recently updated 3-family property is being delivered COMPLETELY VACANT and offers three spacious units, each featuring 3 bedrooms and 1.5 bathrooms with functional open layouts designed for comfortable living. Recent improvements include new flooring, with new kitchens and updated bathrooms to be completed prior to closing. The property also features a large unfinished basement offering ample storage and additional potential. With ALL THREE UNITS VACANT, the new owner has the flexibility to select their own tenants, set rents, or occupy one unit while generating rental income from the others. Ideally located near schools, hospital, shopping, dining, public transportation, and major highways for convenient commuting.

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Multi-Family Active

Price

$ 769,000

Bedrooms

9

Full Bath

3

Half Bath

2

Property Type

Multi-Family

Taxes

$ 10,561

Style

3-Three Story

Lot Size

0.06

Year Built

1877

Town/City

Newark

County/Region

Essex

MLS | Web ID

4058733
Features
General
Sewer Public Sewer
Heating 3 Units Forced Hot Air
Cooling Window A/C(s)
Utilities See Remarks
Possession at closing
Roof Asphalt Shingle
Architectural Style 3-Three Story
Year Built 1877
Township Newark City
Tax Year 2025
Gross Income 0
County Essex
Net Operating Income 0
Operating Expense 0
Total Rooms 20
Full Baths 3
Status Active
Directions GOOGLE MAPS
Open Parking Spaces 0
Number Of Units Total 3
Tax Annual Amount 10561
Drive See Remarks
Standard Status Active
Tax Assessed Value 264100
Town # 1614
Tax Lot 17
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Interior
Basement Unfinished
Unit 1 Baths Total 1.5
Unit 1 Beds Total 3
Unit 2 Baths Total 1.5
Unit 2 Beds Total 3
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Fuel Type Gas-Natural
Half Baths 2
Total Bedrooms 9
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Exterior
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded Features
List By
ANDREA J. ALUMMOOTIL

Listing Agent

Provident Legacy Realtors

Broker

andrea@providentlegacyrealtors.com

Email

Affordability Calculator

$6,191
Per Month
86%
14%
0%
Monthly Principal & Interest
$5,311
Monthly Property Taxes
$880
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/13/2026$769,000 Listed Price

Map

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196 Fairmount Ave, Newark, NJ, 07103 is a Multi-Family Home for sale at $769,000 with a lot size of 0.06. 196 Fairmount Ave has 9 bedrooms, 3.2 baths, and was built in 1877. The property's zip code is 07103 which is in Newark, NJ

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